Ques.
How does it work?Ans. The
Photovoltaic Array converts the solar energy into electricity,
which is used for running the electrical equipments. The
electricity produced either stored in the Battery bank or
directly used for running the electrical equipment.

It operates on the freely available solar energy. Thus saves
expenditure on diesel & electricity.

No fear of power cuts or scarcity of diesel.

It is trouble free, pollution free, has a long life and is
reliable.

Unlike a diesel pump set, it does not produce noise.

It is easy to handle and operate.

The cost of operation and maintenance is negligible.

Ques.
What is the Technology used in SPV Systems? Ans. Solar cell is
a primary device for Solar Photovoltaic systems since it
converts solar radiation into electricity. Solar PV cells are
made by fine sheets of silicon wafers, cutted in the required
shape. The technology is mainly based on Monocrystalline silicon
or polycrystalline technology. Number of such SPV cells are
coupled in series and (or) parallel connection to design a SPV
Module of required Power. These modules can be further coupled
to form SPV array, to get desired power output to run the
electrical appliances such as solar home systems, street
lighting systems, small capacity SPV power plants, solar
generators, building integrated photovoltaic (BIPV) systems and
solar lanterns. The Photovoltaic Array converts the solar energy
into electricity, which is used for running any electrical
appliances or can stored in a battery. The system
components of SPV Water Pumping System are:

All categories
of users including intermediaries and commercial
organizations

2.

Rate of
Interest

7%
(commercial borrowers who can claim depreciation benefits)
5% (individuals and other organizations)
Financial intermediaries who borrow funds from JREDA for
on - lending at 5% or 7% rate of interest will be charged
an interest rate of 2.5% or 4.5% respectively by JREDA.
Such intermediaries will not be able to claim depreciation
benefit and the on-lending arrangement will not be treated
as a lease arrangement.

3.

Loan period

3 Yrs

4.

Moratorium

1 Year

5.

Amount of loan

80% of the
cost of the project

6.

Upper Limits for a loan

No Limit

7.

Service Charges

1% of the loan
disbursed

8.

System Covered

All types of
SPV Systems except solar pumps. Loans will not be provided
at subsidized rates for systems that are available with
capital subsidy. With the exception of solar generators
for which both subsidies and soft loans will be available.

9.

Eligible
Suppliers

Only those SPV
systems and power plants, which confirm to the MNES
specifications & guidelines for 2001 - 02 or 2002 - 03
programmes and have obtained test certificates form SEC /
Other Authorized Test Centers will be eligible for supply
and other benefits under this scheme .

Notes:Subsidy of 40% with an upper limit
of Rs. 40,000/- will be provided on each generator.
User will also be eligible for loans on the balance cost of
the solar generators.
Subsidy will be released directly by MNES to the Manufactures.
Subsidy will be released directly by MNES to the Manufactures.

Ques. Is there any loan available?Ans. Yes, soft loans are
available at an interest rate of 5% (individuals and other
organizations) per annum and 7% (commercial borrowers who can
claim depreciation benefits) and also Financial intermediaries
who borrow funds from JREDA for on - lending at 5% or 7% rate
of interest will be charged an interest rate of 2.5% or 4.5%
respectively by JREDA. Such intermediaries will not be able to
claim depreciation benefit and the on-lending arrangement will
not be treated as a lease arrangement, through Jharkhand
Renewable Energy Development Agency Limited (JREDA). The
minimum amount of soft loan will be Rs. 5 Lakhs for Direct
User and Rs.10 Lakhs for Intermediaries. The principal with
the interest is repayable in 6 years (including one year
moratorium) starting at the end of first year of sanction of
the loan.

Ques. What is the performance guarantee for the system?
Ans. The
manufacturers must provide a warranty for a minimum period of
2 years for the complete SPV system (including the battery)
and a minimum 10 years for PV modules from the date of supply.
Annual maintenance Contract (AMC) for the SPV Systems should
be for a period of 5 years including the warranty period.